1624 ALICEANNA STREET, BALTIMORE, MD 21231

$555,000

Seize the opportunity to own a versatile mixed use zoned two-unit property in the heart of Fells Point. A destination neighborhood for locals and visitors alike, this property being zoned for both residential and commercial use is poised to take full advantage of the location with the variety of uses… Read More it can serve. Live in one unit and rent the other for residential or a business use. Make that business a short-term rental--- a perfect base for visitors exploring the culinary and social hub that is this historic waterfront community. Another option---buy and hold to lease both units to residential or commercial tenants. Sure to be a solid anchor of an investment over time given the strength of the location. ***Depending on use and management, a cap rate in the mid to upper 6% range can be developed, and all systems are currently functioning well.*** Businesses for the main level unit could range from a small salon to retail or office space or a space for a creative start up or side gig. Another option, consider a co-purchase with a partner, friend or family, and enjoy your own space while remaining close for company to enjoy this amenity rich environment. Each unit has its own private entrance and is separately metered to easily allow for the variety of uses. If kept residential, both units have their own laundry as well as modern kitchen and bathroom finishes that are well blended with original character details, so charm and warmth are retained without sacrificing functionality. The prime location also lends itself to easy access to other popular city locations such as the luxurious amenities of Harbor East, the city center of downtown and the stadium district, the waterfront promenade, Canton and Butcher's Hill with their own signature vibes... or grab a water taxi to enjoy the local flavor across the pond in Fed Hill, Otterbein, and Locust Point. A hub in its own right, Johns Hopkins Hospital is only blocks away to the north and commuter routes taking you in any direction you need are just a quick hop away. The main level unit is currently leased through July 2025 with reliable tenants likely to renew. The upper-level unit is currently vacant and also listed for rent, offering flexibility for a live-in owner or new tenant. Another great feature is a shared rear courtyard providing some rare multi-unit outdoor space with plenty of potential for upgrades. Whether you're looking to live, lease, or launch a business, this property checks the boxes for charm, location, and income potential. Opportunities like this don't come around often in a neighborhood as full of life and history as iconic Fells Point. Don't miss out and bring your vision to life before another lucky buyer calls this their own! Read Less

Courtesy of Donnie Meyd, VYBE Realty [email protected]

Listing Snapshot

Days Online

Last Updated

Apr 15, 2025

Property Type

Townhouse

Square Ft.

2,384

Lot Size

0.04 Acres

Year Built

1900

MLS Number

MDBA2163638

30 Days Snapshot Of 21231

$301k

(avg) sold price

-13%

homes sold

+43%

(avg) days on market

Snapshot

Area Map

Additional Details

Basement

Unfinished

Building

2,384 sqft living area, Built in 1900, Structure Type: Interior Row/Townhouse, Wall & Ceiling Types: Brick, Dry Wall, Plaster Walls, 2 units in building, Traditional, Brick

Cooling

Central Air, Electric, Central A/C

Fireplaces

2 fireplaces

Floors

Wood, Ceramic Tile

Foundation

Block

Heating

Natural Gas, Forced Air

Income

Apartment Rentals

Lot

1,742 sqft, 0.04 acres

Property

Other Structures: Above Grade, Below Grade, Outdoor Living Structures: Patio(s), View: City, Street, 2 two-bedroom units

Sewer

Public Sewer

Taxes

City/Town Tax: $8,612, City/Town Tax Pymnt Freq: Annually, Tax Annual Amount: $9,041, Tax Year: 2024

Utilities

Hot Water: Natural Gas

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1624 ALICEANNA STREET

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